Do business cycles alter the composition of research and development expenditures? From: Contemporary Economic Policy | Date: July 1, 2003| Author: | Copyright Western Economic Association Jul 2003. Provided by ProQuest LLC.Copyright information

Do business cycles cause firms to alter the composition of research and development (R&D) expenditures? This article uses aggregate data on U.S. firm-financed R&D expenditures during the 1956-96 period to address this issue. The mix of R&D expenditures changes over the business cycles with firms increasing the amount of basic R&D and reducing the amount of development R&D during recessions. Though the effects are small, the results raise the possibility that business cycles influence the rate of long-run growth. (JEL E33, O30)

ABBREVIATIONS

GDP: Gross Domestic Product

NSF: ...

Related newspaper, magazine, and trade journal articles from HighBeam Research

(Including press releases, facts, information, and biographies)

	Five questions about business cycles ; ...to our book, Business Cycles: Durations, Dynamics...recent empirical business cycle research, and...to how broadly business cycles are spread throughout...and lagging business cycle indicators. Second...practice. 5. How can business cycles be ...
	European business cycles: New indices and their synchronicity ; ...asynchronous business cycles likely poses...of calculating business cycle indices that...of a European business cycle. We also analyze whether intraEMU business cycles appear more closely...state of the business cycle. The autoregressive...persistent ...
	Have UK and Eurozone business cycles become more correlated? ; ...that the UK business cycle is closer to the Eurozone business cycle than it was...and Eurozone business cycles. Considering...measures of the business cycle we find, using...and Eurozone business cycles. Instead...compatibility between business ...
	A long view of the UK business cycle. ; ...a dominant role in explaining business cycle fluctuations at all horizons...short run, particularly at the business cycle frequencies. Business cycle relationships with the external...patterns. I. Introduction [T]he business cycle is the phenomenon of a number...high ...
	Marxian and post-Keynesian theories of finance and the business cycle.(Behind The News) ; ...approach sees business cycles as an intrinsic...downturn in the business cycle is seen as the...explanation for business cycles. Furthermore...aspects of the business cycle, even though...in explaining business cycles predominantly...argues that the ...
	The effect of business cycles on growth: Keynes vs Schumpeter ; ...A more severe business cycle thus reduces...INTRODUCTION Do business cycles matter? The question...net effect of a business cycle washes out to...which eliminated business cycles would have no...predicts that business cycles will be good...A more severe ...
	Timing is all: elections and the duration of United States business cycles.(duration analysis shows elections hold the effect of duration dependence constant) ; ...OF POLITICAL BUSINESS CYCLES predict that...United States business cycles. Various political business cycles theories have...opportunistic political business cycle model (Nordhaus...opportunistic political business cycle theory...rational political ...
	Wanna ride on my tandem?(European exchange-rate mechanism may have created a European business cycle)(Brief Article) ; ...capital flows, business cycles in different...distinct European business cycle. A pegged exchange-ra...its members' business cycles to move in tandem...a big shift: business cycles in Europe have...1992), whose business cycle still tracks...International ...
	The microeconomic foundations of business cycles: from institutions to autocatalytic networks. ; ...theory is whether business cycles are an inherent...proclaimed that business cycles might be gone...idea that the business cycle is dead (Fuhrer...the origins of business cycles is stretched...shocks, like real business cycle theory...real causes of ...
	Growth-business cycle interaction: a look at the OECD.(Economic Co-operation and Development ) ; ...long-run growth and business cycles in the Organization...specifically assumes that the business cycle influences growth through...consequences of the business cycle are small is...causality runs from business cycles to long-run growth...welfare consequences of ...

For more facts and information, see all results